Direct Digital Holdings sets November 12 date for Nasdaq delisting
Direct Digital Holdings plans to delist its Class A common stock from Nasdaq and deregister it with the SEC, effective November 12, 2026. The move will shift DRCT from an exchange-listed structure to over-the-counter trading and removes its public-company registration obligations.
PR NEWSWIRE / FILEThe story
Direct Digital Holdings said Oct. 21 that it intends to voluntarily delist its Class A common stock from Nasdaq and deregister the shares with the SEC. The company said the delisting is expected to become effective November 12, 2026.
The action changes the venue and regulatory status of the shares rather than announcing an operating milestone. Direct Digital Holdings operates an advertising and marketing technology platform through its business units.
The company reported $34.7M of revenue for the fiscal year ended December 31, 2025, down 44.3% year over year. That period also included a 30.0% gross margin, a -54.6% net margin and diluted EPS of $-75.79.
The practical next step is the expected November 12 effective date, when the Class A shares are scheduled to leave Nasdaq. The company’s subsequent trading venue and continuing disclosure arrangements are the key items to track.
Our read · Wed, Oct 21
Direct Digital Holdings plans to delist DRCT from Nasdaq and deregister its Class A shares on November 12, 2026.
Why. The venue change removes Nasdaq access and SEC registration for the Class A shares, with the November 12 effective date as the immediate decision point. The backdrop is a 44.3% year-over-year revenue decline to $34.7M for fiscal 2025, a -54.6% net margin and diluted EPS of $-75.79, leaving little operating evidence to offset the trading and disclosure change.
Both cases
What could change this view: The read fails if the company postpones or reverses the voluntary delisting and deregistration before November 12, 2026.
Who reported it · 1
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Reported by PR Newswire as Direct Digital Holdings Announces Intention to Voluntarily Delist from Nasdaq and Deregister Its Class A Common Stock with the SEC
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